Clawback Clause

LIC launched 4 new plans, LIC agents are facing problems due to change in rules

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LIC launched 4 new plans, LIC agents are facing problems due to change in rules

Life Insurance Corporation (LIC) of India, one of the most trusted names in the Indian insurance sector, has recently introduced a set of new plans and modifications to existing policies. While these developments aim to offer more tailored solutions for policyholders, they have also sparked significant concerns among LIC agents. Issues such as reduced commission … Read more

LIC Agents Protest Against Restructured Commission and Clawback Clause

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LIC Agents Protest Against Restructured Commission and Clawback Clause

The Life Insurance Corporation of India (LIC) has always considered its agents the backbone of the company, responsible for the bulk of its business generation. However, recent changes implemented by LIC regarding the restructuring of commission and the introduction of a clawback clause have sparked widespread discontent among agents. On 14th October 2024, the All … Read more